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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: financial products

financial products stories: 2 news summaries

Pay Czar Going After
AIG Bonuses—Again

But legal hurdles loom for pre-bailout deals

Oct 14, 09 8:59 AM CDT
(Newser) - Pay czar Kenneth Feinberg is making another run at AIG’s bonus payouts—or trying to, with the help of a little arm twisting. Feinberg doesn’t have authority over the$198 million in bonuses promised to employees at the infamous trading unit because the contracts were created before the bailout.... More »

MORE ABOUT:
AIG • Treasury Department • bonuses • TARP • executive bonuses • Kenneth Feinberg • financial products • pay czar

GLOSSIES

 One Man to Blame at AIG 


Jul 7, 09 7:31 PM CDT
(Newser) - AIG’s contribution to the world financial crisis may be bafflingly complex, but a single villain is emerging, writes Michael Lewis in Vanity Fair. Joseph Cassano was a "cartoon despot" who ran AIG's Financial Products division, now infamous for its credit-default swaps. Cassano, unfortunately, "didn’t fully... More »

MORE ABOUT:
subprime mortgages • insurance • AIG • financial crisis • credit default swap • Joseph Cassano • financial products

2 Stories


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